By Tom Westbrook A look at the day ahead in European and global markets from Tom Westbrook Markets are looking to the first hours of Donald Trump's presidency to set the tone for his second term. U.S. markets are closed for Martin Luther King day, so the immediate focus will fall on foreign exchange markets
Investing.com-- Chinese Vice President Han Zheng engaged in separate meetings with U.S. Vice President-elect JD Vance and Tesla (NASDAQ:) CEO Elon Musk on Sunday, marking significant diplomatic and economic dialogues ahead of President-elect Donald Trump's inauguration, the Chinese state media reported on Monday. In his discussion with Vance, Vice President Han emphasized the vast potential
Investing.com-- Vivek Ramaswamy, who is President-elect Donald Trump’s nominee to co-lead the Department of Government Efficiency with Elon Musk, may leave the group before his tenure even begins, Politico reported on Sunday. Ramaswamy plans to announce a campaign for Ohio Governor and could leave DOGE by as soon as the end of January, Politico reported
By Leika Kihara TOKYO () - The Bank of Japan is expected to raise interest rates on Friday barring any market shocks when U.S. President-elect Donald Trump takes office, a move that would lift short-term borrowing costs to levels unseen since the 2008 global financial crisis. A tightening in policy would underscore the central bank's
SEOUL () - South Korea pledged on Monday a record amount of financing support for exporters to mitigate any negative impact from changes in U.S. trade policies as Donald Trump was poised to be sworn in for his second presidency. The government plans to provide 360 trillion won ($247.74 billion) worth of policy financing to
By Ankur Banerjee SINGAPORE () - The dollar was hovering near a more than two-year high at the start of a pivotal week on Monday, as Donald Trump re-enters the White House with an inauguration speech that will be of primary focus for investors hoping to decipher his immediate policies. The Japanese yen strengthened slightly
Investing.com-- The People’s Bank of China left its benchmark loan prime rate unchanged on Monday, with Beijing likely keeping its powder dry in anticipation of more clarity on U.S. President-elect Donald Trump’s plans for trade tariffs. The PBOC left its one-year at 3.1%, while the , which is used to set mortgage rates, was left
By Jamie McGeever () - A look at the day ahead in Asian markets. Signs of life being breathed back into China's economy and a strong rally on Wall Street on Friday bode well for Asian markets on Monday, although nervousness around President-elect Donald Trump's inauguration could temper the optimism. U.S. markets will be closed
By Sheila Dang and Jaspreet Singh () -TikTok stopped working for 170 million Americans late on Saturday after the U.S. Supreme Court on Friday ruled against TikTok's bid to avoid a ban that could shut the app down. The ban is the end result of 2024 legislation passed on national security concerns that called for
By David Shepardson WASHINGTON () - Outgoing U.S. President Joe Biden will sign an executive order on Sunday aimed at prioritizing government resources to help economically distressed American communities - a day before he leaves the White House. Biden's order is targeting so-called "Left-Behind Communities" and aims to help incoming President Donald Trump, who will